EXECUTIVE BENEFITS
SOLUTIONS
One-Year Term Life Insurance
The one-year term life insurance product will provide insurance for individuals with a short term death benefit need. The product will be
marketed via the web and through Executive Benefits Markets’ independent sales consultants.
PREMIUMS
This is a fixed premium, one-year term life insurance policy, payable on the death of the Insured. The policy is non
convertible, non renewable, and requires full underwriting each year of issue. The Insured pays the full premium for the policy at issue.
Premium rates vary by issue age and gender of the Insured, but do not vary by smoker status.
ISSUE AGES
20-99
FACE AMOUNT
Minimum: $100,000
Maximum: $3.5million
UNDERWRITING
The policy requires full underwriting each issue year.
EXPENSES
No policy fees.
NON-FORFEITURE
The policy has no cash surrender value.
CONVERSIONS
The policy is not convertible and non-renewable.
WITHDRAWALS
There is no policy cash surrender value so no withdrawals are allowed.
ILLUSTRATIONS
Not illustrated.
For more information contact 888-353-COLI (2654) or gwexecbenefits@greatwest.com.
ONE-YEAR TERM LIFE INSURANCE RATES
Rate Per $1,000 of Coverage (Gender Distinct/Unismoke).
Age
Male
Female
Age
Male
Female
20
0.61
0.23
60
2.31
1.90
21
0.61
0.23
61
2.60
2.03
22
0.60
0.24
62
2.92
2.20
23
0.58
0.24
63
3.19
2.46
24
0.58
0.26
64
3.46
2.78
25
0.57
0.28
65
3.72
3.17
26
0.55
0.30
66
4.05
3.51
27
0.52
0.31
67
4.51
3.82
28
0.51
0.32
68
5.01
4.14
29
0.49
0.32
69
5.54
4.57
30
0.48
0.34
70
6.08
4.99
31
0.46
0.36
71
7.02
5.26
32
0.46
0.38
72
7.47
6.23
33
0.47
0.38
73
8.65
6.79
34
0.48
0.37
74
9.98
7.30
35
0.48
0.37
75
11.54
7.88
36
0.51
0.37
76
12.78
9.20
37
0.51
0.38
77
13.88
10.74
38
0.53
0.38
78
15.07
12.42
39
0.56
0.39
79
16.77
13.58
40
0.56
0.41
80
17.09
14.27
41
0.59
0.45
81
19.28
16.53
42
0.62
0.48
82
22.04
19.13
43
0.64
0.53
83
24.97
21.04
44
0.67
0.57
84
27.34
23.75
45
0.72
0.62
85
30.57
26.12
46
0.76
0.66
86
33.69
30.51
47
0.80
0.72
87
39.26
34.23
48
0.86
0.79
88
44.20
39.55
49
0.91
0.83
89
51.47
46.12
50
0.99
0.88
90
62.17
53.02
51
1.08
0.93
91
82.94
54.85
52
1.18
0.99
92
100.50
59.62
53
1.27
1.07
93
126.27
67.60
54
1.35
1.16
94
142.29
75.01
55
1.44
1.24
95
155.15
84.50
56
1.54
1.38
96
167.76
96.41
57
1.67
1.51
97
203.84
119.26
58
1.86
1.62
98
231.54
139.72
59
2.06
1.76
99
252.26
156.53
For more information contact 888-353-COLI (2654) or gwexecbenefits@greatwest.com.
Great-West Financial ® refers to products and services provided by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters:
Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York (GWL&A of NY), Home Office: White Plains, NY; and their
subsidiaries and affiliates. The trademarks, logos, service marks, and design elements used are owned by GWL&A.
One-year term life insurance policies (J490 Series) and appropriate state variations are issued by GWL&A. GWL&A is not licensed to do business in New
York. In New York, one-year term life insurance policies (J490-ny Series) are issued by GWL&A of NY. Policies may not be available in all states. Certain
restrictions apply. ©2014 Great-West Life & Annuity Insurance Company. All rights reserved.
191905 (2/2014)